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there's always chance but you see right now even bitcoin is recovering, the market capitalization of these altcoin in general still far off from bitcoin even bitcoin dominance speaks volume.
I'd say altcoins will always behind bitcoin but I guess in the future things might change, after all if project that needs utilization from smart contract thrive, surely they will also increase the valuation for these smart contract based coins in general.
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it highly depends in the quality of the project itself, aptos could succeed partly because the devs was already known to the masses to be quite reliable honestly.
moreover their project are that of good quality, they having massive airdrops really works well with their marketing and their coin could still retain their high value mainly because many knows that regardless of the correction after massive airdrops distribution this coin gonna still valued high enough and gonna recover eventually.
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well I guess for the sake of our investments it's just better converting from stablecoin to btc and ethereum even though if these stablecoin are collapsing it might be highly harmful towards cryptocurrency market in general.
imagine stablecoin collapsing one by one it's gonna be disastrous hopefully that's not gonna be happening but of course prevention is needed for all of us here right now.
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it doesn't seem like coin that have real utilities and gonna have place whatsoever, I don't think investing in that coin will yield good results.
try finding projects that are supported by big investment firm and venture capital so that you can be sure you're investing in the right place, after all investing in random projects might get you losing your money.
apparently, there has been many projects that have unique concept but fail miserably because they're not that practical.
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I couldnt understand how these AI generated NFT are gonna be worth any dollars, quite literally everyone could just generate an art from AI and create NFT of it manually, doesn't need to mint through programs made by binance.
I guess it might be the fact that it's somehow related with binance that could give some value to the NFT itself, but I still think that these AI generated NFT are somehow useless and looks like waste of money.
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it honestly seems that many are over hyping AI whatsoever, the truth is these AI based coins aren't really gaining that much attention from the general masses. many of them didn't have practical use either.
they just trying to exists using the name of AI and hoping that would be sufficient in making their coin seems worthy enough of the investments which I don't think is true.
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I heard back in the past shiba created many platform so that it was not labeled gimmicky somehow but it seems their platform was a massive failure since I've never heard about it anymore.
I think its price will just stuck, and If you think you can somehow make some good profit out of it then forget it, you'll just become an exit liquidity for the ones that's already waiting for your entry.
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remember that this meme coin is basically just zero sum game, if you wanna make this coin somehow reach the valuation of more than $100 billions then you should find yet another public figures to shill for it, elon has lost its influence at least it's not as strong as his first appearance in cryptocurrency investments, so I guess it needs the adoption of massive company so that it could grow in value but the question is, would these big companies that usually make research first willing to invest into some coin that is created for fun.
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there are actually so many so called cryptocurrency investor out there that are actually just blindly following these influencers because they are quite lazy in doing their own research and also just outright blinded by these influencers, there's reason why these influencers usually have so many people following them it's because many are interested in taking this influencers take on some coins as some financial advice which is quite ridiculous, as bad as these influencers are, they have audience.
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I guess you should refrain from investing until the general trends for cryptocurrencies is getting better, meme coins usually only grows in bullish trend, and right now isn't the right time.
you could see from the data presented by meme coins categories in CMC that majority of meme coins are losing their value, even the newer ones.
it'd honestly be wiser to invest in altcoins instead considering that there are many altcoins that started building their project preparing for the next bullruns.
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the current circumstance of sand doesn't look good from the information presented by many above, vesting added with whales getting ready to make huge sell off you'd think it will hit all time lows eventually.
so I guess if you could refrain from investing and wait it out until it hits new lows then it should be better, moreover there are many alternatives so you could still make profits will waiting if you're so eager investing in this coin even though it seems metaverse isn't really the trend anymore.
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I'd always consider developers are those that have experience in developing project by quite literally do some engineering things like programming that has real contribution towards betterment of their project or even humanity, the thing with scammers is that they too could do that and do some underhanded method like rugpulls when they've built their reputation, for the scammers that only created tokens with one click, i'd say they are just pure scammers nothing more.
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as long as ethereum still below $2k just accumulate, doesn't matter if it's PoS or PoW it's all the same thing at the end of the day only the ones with wealth and huge chunk of capital could participate.
but we could still accumulate and wait until next bullrun comes that way we could get massive profit from our investments without even need to stake some massive money.
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correction and downfall will always be happening inc cryptocurrency but what matters most is the overall trend, if it's bullish the increase in price would be more massive therefore outweight the value lost from correction.
so basically you should see it from wider time range and you would find out whether your overall investment is generating you money, meanwhile back to your first question, of course downfall is still possible instead it's very possible that there gonna be correction after the slight rise that happened right now.
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It will have no influence whatsoever those stakers for all I know are doing it for long term investments.
they aren't gonna gets shaken just because they could unlock their coins and dump it to the market.
instead they are just gonna stake their coins more and more, less stakers means less competition, if they could stake their coins for few years surely they are sufficient enough in terms of wealth.
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the thing that gonna be preventing binance from bankruptcy is the fact that they always have some measurements beforehand, they aren't gonna be collapsing unlike certain exchanges that are quite irresponsible enough that they'd use other people's money for their interest I guess even if binance did that they'd do it very carefully but I think considering the massive amount of reserve that binance had, I'd say that they are not gonna repeat the same mistake that other certain exchange did, binance is just better than that honestly.
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